H1 Status Update (For my followers)
There is nothing brave in trading.. A trader can be either uneducated/ignorant/stupid/blind or educated/wise/smart..
That being said below you can see the fresh situation after London opening.
There is nothing brave in trading.. A trader can be either uneducated/ignorant/stupid/blind or educated/wise/smart..
That being said below you can see the fresh situation after London opening.
- Check 1: Candles are below 54 LWMA (Green) line but line is flat: bearish but choppy priceaction expected!
- Check 2: Price still dances around LO level: Retests to breakout level 1.1689 might happen!
- Check 3: 1.1672 was last support before real magnetic lines target: 1.1614 and it seems to be broken: Supports bears! Time will show.
- I assume (even current candle not closed yet) that I can put a BLUE TL on it's opening price. And Right now I am waiting for a new BLUE TL breakout to go short.
- I also could watch a RED TL breakout to go long but that would be only valid if it happens above GREEN 54 LWMA line. I hope you understand the concept here.
- Cloned LO to LO trendline is also what I am watching simultanously. All clone lines are opportunities where price can bounce back down.
- Long story short: As long as below 1.1689 I sell swing highs or BLUE TL breakouts!
My two cents..
Stay Green
Be a seer, not a looker!
Ata's Trend Hunter V3.6 All Time Return:
9.6%
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